Gene Sperling on Sequestration

President Obama’s economic adviser Gene Sperling appeared on several talk shows Sunday, March 3, 2013. In this portion he talked…
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President Obama’s economic adviser Gene Sperling appeared on several talk shows Sunday, March 3, 2013. In this portion he talked about the impact on the economy of the automatic spending cuts known as sequestration.

“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was agreed to in the Budget Control Act of 2011 and began March 1, 2013. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.